10 Wednesday AM Reads
My mid-week morning reads: • Quant Quake II? Thoughts on the Selloff: My contrarian take on Thursday’s rout: strip out the hindsight bias, causal assumptions and narrative fallacy, then sort what we actually know from what we’re guessing. ~108 separate pods closed and unwound on Thursday in what is best described as “forced liquidations.” That might… Read More The post 10 Wednesday AM Reads…
My mid-week morning reads: Focusing on the significant selloff on Thursday, 108 separate pods closed and unwound in what appears to be forced liquidations, potentially contributing to the $2.5 trillion loss. Additionally, Nvidia CEO Jensen Huang's succession crisis is explored, with his prominent role in decision-making raising questions about his successor.
A story highlights how Honey Pot Huang, a woman allegedly involved in a romantic liaison with Huang, led to Megaspeed investing in chips that may have ended up misplaced. The impact of SpaceX's record-breaking IPO on index funds is analyzed, demonstrating its significance. The Wall Street Journal discusses the persistent issue of high beef prices due to a shrinking U.S. cattle herd, leading to supply chain fractures and plant closures.
The employment landscape for 20-somethings is changing as AI empowers them to become entrepreneurs, with 23% of this age group running a business or side hustle in 2025. Lastly, the article explores the consequences of abandoning American capitalism, with Gen Z and millennials using prediction markets and sports betting more frequently than older generations.
Written by urgent.news from The Big Picture's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
